INDEX

Detect, Investigate, Respond, Repeat

3Q 2016 | IN-4130

Data breaches garner widespread attention as businesses of all sizes become increasingly reliant on digital data, cloud computing, and workforce mobility. With sensitive business data stored on local machines, enterprise databases, and cloud servers, breaching a company’s data has become as simple—or as complex—as gaining access to restricted networks. In 2015, 1,673 data breaches led to 707 million data records being compromised. The average cost paid for each lost or stolen record containing sensitive and confidential information increased 6%, jumping from $145 in 2014 to $154 in 2015. With the acceleration of wireless transmission of sensor data between each other and computers, it is no wonder that the coming years will see momentum with the Internet of Things (IoT). All of this additional connectivity would mean more entry points for threat actors looking for weak network points. Organizations need to take a number of steps to reduce the likelihood of a data breach and to minimize the cost if successfully attacked. It is imperative that businesses specifically understand current and future risks, and take steps to address them as quickly as possible.

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